Dorsey & Whitney Trust CO LLC boosted its stake in Chevron Co. (NYSE:CVX) by 5.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,916 shares of the oil and gas company’s stock after buying an additional 2,519 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Chevron were worth $3,545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Wealth Planning LLC boosted its holdings in Chevron by 6.2% in the 4th quarter. Capital Wealth Planning LLC now owns 626,966 shares of the oil and gas company’s stock valued at $75,556,000 after purchasing an additional 36,574 shares during the period. Alley Co LLC boosted its holdings in Chevron by 1.7% in the 4th quarter. Alley Co LLC now owns 58,092 shares of the oil and gas company’s stock valued at $7,001,000 after purchasing an additional 949 shares during the period. AXA boosted its holdings in Chevron by 6.3% in the 4th quarter. AXA now owns 661,816 shares of the oil and gas company’s stock valued at $79,755,000 after purchasing an additional 39,182 shares during the period. Americana Partners LLC bought a new stake in Chevron in the 4th quarter valued at about $3,902,000. Finally, Keebeck Wealth Management LLC bought a new stake in Chevron in the 4th quarter valued at about $520,000. 64.77% of the stock is owned by hedge funds and other institutional investors.

NYSE CVX traded down $1.05 on Friday, hitting $89.83. The company’s stock had a trading volume of 4,357,731 shares, compared to its average volume of 9,624,709. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.16. Chevron Co. has a 1-year low of $51.60 and a 1-year high of $127.00. The company’s 50-day moving average is $88.73 and its 200 day moving average is $101.61. The firm has a market cap of $169.65 billion, a PE ratio of 43.79 and a beta of 1.31.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $1.29. Chevron had a net margin of 2.71% and a return on equity of 8.28%. The firm had revenue of $31.50 billion during the quarter, compared to analysts’ expectations of $30.46 billion. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue was down 10.5% on a year-over-year basis. On average, equities analysts expect that Chevron Co. will post -0.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be given a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 5.74%. The ex-dividend date is Monday, May 18th. Chevron’s dividend payout ratio (DPR) is currently 82.30%.

A number of analysts have issued reports on CVX shares. Citigroup cut their price objective on shares of Chevron from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Bank of America upped their price target on shares of Chevron from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Credit Suisse Group upped their price target on shares of Chevron from $81.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Craig Hallum upped their price target on shares of Chevron from $81.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Raymond James cut their price target on shares of Chevron from $125.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $112.27.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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